Business News

President Underscores Need to Maintain Positive

President Joko Widodo (Jokowi) laid emphasis on the need to maintain positive growth in the agriculture sector in the wake of the COVID-19 pandemic to boost the welfare of farmers and fishermen. During a virtual meeting on farmers’ corporation at the Bogor Presidential Palace, West Java, on Tuesday, Jokowi called…

Industry Can Import Sugar and Salt Directly Without Importers

President Joko Widodo (Jokowi) now allows the industry to import industrial salt and sugar directly. That way, no more imports are carried out by intermediaries or third parties. So far, industries that need industrial sugar and salt have to buy through importers. Later, the industry does not need to buy…

Exports of Creative Economic Products Bolster Tourism Recovery

Creative economic product exports and marketing digitization of those products help bolster recovery of the tourism industry in Indonesia, according to an official. Exports and digitization were among the government's steps taken to restore the tourism sector and creative economy, Tuti Prahastuti, Director of Promotion and Image Development of the…

When Import-Substitution Makes a Comeback

In Indonesia, import substitution policies are showing signs of making a comeback. In recent years the country has appeared committed to outward-looking free-trade agreements. ASEAN countries, through the founding pacts of the ASEAN Economic Community (AEC), have secured significant tariff reductions across member states. Indonesia has also been among the…
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